Atul Ltd - Fibonacci Retracement - looking big for 40%-70% rise
Atul Ltd. can show us a target of 8900 -11000. using the concept of fibonacci retrace-ment, it has taken support from 61% on weekly time frame. Keep a watch for a 40%-70% rise. Other factors:
1. We have a weekly downward trendline. Let the stock breaks that treadline which should be ~6500 price.
2. Volumes have again started picking up
3. RSI was on oversold category and now bouncing back
4. MACD is sl0wly getting back to positive
5. Support at a higher time frame is solid
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!
1. We have a weekly downward trendline. Let the stock breaks that treadline which should be ~6500 price.
2. Volumes have again started picking up
3. RSI was on oversold category and now bouncing back
4. MACD is sl0wly getting back to positive
5. Support at a higher time frame is solid
"Clean Charts, Easy Charts"
Learning & Earning!!!
Cheers!!!